Vivint Emerges As Big Smart Home Player

Vivint has grown into one of the world’s biggest and most successful “smart home” businesses, the most visible component to the average consumer of the burgeoning Internet of Things. Still private, Vivint was valued at over $2 billion in late 2012, and it hit $650 million in revenue last year, 16% more than the prior year. It recently attracted a $100 million investment co-led by billionaire tech investor Peter Thiel, who recently made headlines for secretly funding Hulk Hogan’s privacy lawsuit against Gawker. In contrast to Silicon Valley’s gadget-obsessed innovators, who tend to agonize over product design and tech specs, Vivint has succeeded on the sheer power of its sales network. Its door-to-door salespeople spend long days proselytizing the benefits of the smart home to anyone who will listen.

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